Personal Trading Level
Benefits of the Personal Trading Level
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Immediate access to trading so you can react to market conditions straightaway.
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No need for cash in your account before a purchase is made.
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Allows you time to transfer funds before the settlement date.
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Make more or larger purchases by increasing your Personal Trading Level above the initial Trading Level by increasing the amount of cash and stock held in your portfolio.
What is Personal Trading Level?
By holding your stock and cash with us in our Nominee and Cash Management facilities we can use these values to calculate and offer you a Personal Trading Level.
The Personal Trading Level is not a credit facility and cleared funds are still required when settlement is due.
Under current HMRC (Her Majesty's Revenue and Customs) rules ISA and SIPP accounts must have cash up front to pay for trades.
How is the Personal Trading Level Calculated?
The Personal Trading Level is calculated on the value of the cash held in your Cash Management Service Account plus the value and quality of the stock held in your Nominee Account, less the value of any open positions you may have. When making a purchase this is then automatically adjusted according to the specific stock being purchased. This will be shown on your quotation as the amount available to spend in that specific stock.
Open a Trading Account
Online
You can set up your account online today!
By Phone
Lines are open Monday to Friday 7.30am to 9pm and Saturdays 9am to 3pm